Doji Battles Bearish Engulf

Looking at the two recentcandles on a weekly chart, I see a Doji battling a Bearish Engulf. The T-Line is trending below the 34-EMA, and now the 34-EMA is trending below the 50-SMA. Between$262.25 and $280.26, the buyers and sellers have been beating each other backan fourth creating a crazy amount of volatility in the market. The daily chart is fighting to create a little momentum above $262.25 to challenge the minefield up to the $280.25 area. Based on price action and the charts the bears have the advantage, and the bulls on have small relief rallies to work with.

Watchlist Ideas

GRPN is now on our trade list after it closed above the 50-SMA yesterday. We will use the Rounded Bottom Breakout trade plan and rules. A few others that we have on our trade list is MRK, TWTR, PG, MSFT, TWLO, VIPS, CSIQ, GRPN, ETSY, FEYE, FEYE, ABX, NEM. Past performance does not guarantee future results. Learn how to trade before you trade. 

Yes, The Little Account Can!

Yes, the little account can make it in the trading game, and the good traders can be better. Back in January this year I opened a little trading account to prove a prove a point (and to see if I could do it). The project was called “Road To Wealth.” I opened the account with $5,100.00, and as of 11/30/18, the account is worth$23,567.00 or a 362% increase.

If you would like to learn from someone that truly makes money not just one hit wonders and backs it up with his account statement. Contact Rick Saddler Founder of Hit and Run Candlesticks

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 DISCLAIMER: Investing/ Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by it and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it.  Past performance does  not guarantee future results. Terms of Service

Price Action Below T-Line

The price action of the SPY closed below the T-Line, and the T-Line closed below the 34-EMA. Theinformation I just mentioned has been information I have used for years, and ithas served me well. Not only in the indices but trading charts as well. Thequestion now is how can you use that information.

Yesterday the SPY respected the current bottom and Mondays Hammer candle; The morning futures are up at the moment; maybe there is hope for the bull. BUT the trend in the SPY is still down, for the buyers to get started they would have to close over the Morning Star pattern, above $269.45

(CPB)Hammer/Morning Star Candles

Weare adding CPB to Live Scanner watchlist to be alerted when price action makes a 2-bar high. The 2-bar high will be the alert telling us when there is price action positive follow through. Positive price action may lead to a test of the200-SMA followed by the $40.65 test. Then we will have a weekly RBB set up. CPBwould be a 2-3-month option play. The market is a mess right now and may not bethe best market to trade for most traders, stay cautious.

LTA – Real-Time Stock Scanner

Rick uses three main trading tools and has dialed them in for max performance. Rick also freely shares his insights on what makes the tools the best and how to use them. Rick is also one of the only traders in the industry that shares his trading account. Traspaerancey and Trading Results.

Trading Services We Offer

  1. Hit and RunCandlesticks 
  2. Right Way Options
  3. Top Gun Day Trading
  4. 30-Day Trial

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

 DISCLAIMER: Investing/ Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by it and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it.  Past performance does  not guarantee future results. Terms of Service

Another Relief Rally?

So the question todayis: Are we starting another relief rally? The answer is yes it would appear so.Yesterday the sellers pushed hard to, but the buyers pushed back a littleharder to draw a Hammer. The futures are feeling bullish this morning, and itlooks like the SPY will open higher. This week will be no time for the buyersto give up, the following key levels are what the buyers need to own: $269.95,$275.60, $281.05. Price reaching anyone of these numbers will be a relief rallywithin a downtrend, the sellers will be out like trick or treaters on Hollowee nnight looking for candy.

(FB)Bullish Piercing Candle

Webought FB yesterday as did a few subscribers in the trading room. We feel FB isbullish over $143.30. Facebook has drawn a Bullish (PBO) Pricing candle and proved to follow through yesterday. Price didclose over the daily downtrend line and challenged the 60-min 200-SMA. Cautionas we approach the 50-SMA.

Real-Time Stock Scanner

Rick uses three main trading tools and has dialed them in for max performance. Rick also freely shares his insights on what makes the tools the best and how to use them. Rick is also one of the only traders in the industry that shares his trading account. Traspaerancey and Trading Results.

Trading Services We Offer

  1. Hit and RunCandlesticks 
  2. Right Way Options
  3. Top Gun Day Trading
  4. 30-Day Trial

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

 DISCLAIMER: Investing/ Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by it and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it.  Past performance does  not guarantee future results. Terms of Service

Price Action Struggled Friday

The price action on Friday struggled then held Thursdays low, and we now have a triple test bottom with the past four candles suggesting the sellers have control. With price action below the daily 50-SMA and weekly 200-SMA on top of the three failed highs, I would have to say the market is not looking so good. Short term relief rallies are normal just not likely to produce large bullish moves until price crosses levels. Three important key levels are $270.64, $277.25. 281.25.

Friday I went to all-cash taking a pro-active stance on protecting the 362% we are up this year on the “Road To WealthAccount.” Going forward into the end of the year I will be trading like I am walking on thin lake ice. The game is to create wealth not pick lotterytickets. The “Road To Wealth” Brokerage Statement can be found by Clicking Here

Today’s Trade-Idea Thoughts

We have not increased our “Road To Wealth Account” simple by trading willy-nilly and don’t intend to start today. Today we will talk about trades in the trading room when we see the attitude of the market and not before.

362% November Statement

Rick uses three main trading tools and has dialed them in for max performance. Rick also freely shares his insights on what makes the tools the best and how to use them. Rick is also one of the only traders in the industry that shares his trading account. Traspaerancey and Trading Results.

Trading Services We Offer

  1. Hit and RunCandlesticks 
  2. Right Way Options
  3. Top Gun Day Trading
  4. 30-Day Trial

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

 DISCLAIMER: Investing/ Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by it and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it.  Past performance does  not guarantee future results. Terms of Service

SPY Found Support For Now

The SPY found support and worked itself back up above the T-Line Bands but still controlled by the bears. Price remains below the 200-SMA, and the 50-SMA is kissing the 200-SMA. I have found when the market is in rough waters, and the sellers are the captain of the boat. Longs are only good for very short term relief rallies. The short trades seem to be better, but they are a bit shaky at the moment. The good news it’s Friday, and we get to count our money! Remember cash is a position.

A Must Have For The Serious Trader

 LTA-LiveTrading Alerts Real Time Market Scanner Eliminates manualscanning, instant alerts, multiple watchlists, multipletime frames, better-timed entries, and exits.

362% November Statement

Rick uses three main trading tools and has dialed them in for max performance. Rick also freely shares his insights on what makes the tools the best and how to use them. Rick is also one of the only traders in the industry that shares his trading account. Traspaerancey and Trading Results.

 DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it.  Past performance does not guarantee future results. Terms of Service

Hanging Man Confirmed Tuesday

Hanging Man Confirmed Tuesday

Tuesday we saw the SPY sell off confirming the Hanging Man Candle and another failed attempt for the bulls to control price action above both the 50 and 200-SMA’s. The futures this morning will be punishing most long positions held. Taking a look at the weekly SPY chart, I can see a tight nasty Blue Ice Failure set up, (keep in mind follow-through is required). 2016 was the last time price action of the SPY was near the 200-SMA on the weekly chart, and it’s starting to look like a future test is in the game.

(BAC) Weekly Blue Ice Bearish Engulf

The weekly chart is showing a Bearish Engulf and a Blue Ice short set up which could be pointing price to the 200-SMA or about $21.70. We are adding BAC to the LTA-Live Trading Alerts Real Time Market Scanner watchlist for management and buying alert. I will consider BAC Jan 18, 2019, $28.00 PUT.

Members, please log in to the member’s blog for more Trade-Ideas. Start here for membership or a trial

362% November Statement

Rick uses three main trading tools and has dialed them in for max performance. Rick also freely shares his insights on what makes the tools the best and how to use them. Rick is also one of the only traders in the industry that shares his trading account. Traspaerancey and Trading Results.

****VXX – Bullish Morning Star closed over both the 50 and 200-SMA

Hit and Run Candlesticks INC. Trading Services

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YouTube Videos

Trading at the BeachHow to set up the T-Line Regression LinesMetaStock AutomatedTrading the T-Line TrapShorting the Blue Ice Pattern

 

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it.  Past performance does not guarantee future results. Terms of Service

 

Challenging The W Pattern

Challenging The W Pattern

Yesterday the SPY added to it’s run by gapping over the 50-SA and challenging the top of the “W” pattern. By the time price got to the top it was pretty well run out. Bullish consolidation from yesterdays high to the 200-SMA would be a bullish pullback. Below the 200-SMA would suggest the sellers are outsmarting the buyers. Yesterday was a big day for our members, gapes are gifts, and a lot of gifts were had yesterday. This market continues to face a huge headwind, trade with your eyes open to spot the clues.

LTA Real-Time Market Scanner

Today we will be using the LTA-Live Trading Alerts Real Time Market Scanner to find tradable charts. The LTA Scanner is a tool to find Candlesticks signals and chart patterns in real time. For over 20 years I have used a real-time scanner, and the results show.

****VXX – The VXX chart has found what could be a bottom, the question now is what will price do with it?

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362% Plus – On Track This Year

Rick uses three main trading tools and has dialed them in for max performance. Rick also freely shares his insights on what makes the tools the best and how to use them. Rick is also one of the only traders in the industry that shares his trading account. Traspaerancey and Trading Results.

  1. LTA – Live Trading Alerts Get your 30-Day Trail
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  3. TradeHawk Trading Platform

Free YouTube Education  •  Subscription Plans Private 2-Hour Coaching

YouTube Videos

Trading at the BeachHow to set up the T-Line Regression LinesMetaStock AutomatedTrading the T-Line TrapShorting the Blue Ice Pattern

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it.  Past performance does not guarantee future results. Terms of Service

 

CY Adding to Real-Time Market Scanner

CY Adding to Real-Time Market Scanner

We are adding CY to the LTA-Live Trading Alerts Real Time Market Scanner watchlist for management and buying alert. CY bullish above $14.00, stop below $13.65. CY has been forming a Pop Out of The Box Pattern for a few days now. The POOTB also comes after bottoming price action with higher lows and highs and a bullish trend line. Last Wednesday CY closed with an RBB pattern as well.

Market Higher on Positive G20

The Market will open higher today on the 90 days cease-fire and willingness of the US and China working together on a tariff solution. Last weeks run in the SPY showed promise going into the G20 meetings. And what do you know, price action is gaping up this morning well over the 50-SMA attempting to challenge the November high. No doubt we should see a little profit taking but a close over the 50-SMA or even $270.00 would a huge success. Trading hint: Gaps are gifts.

Members, please log in to the member’s blog for more Trade-Ideas. Start here for membership or a trial

****VXX – Bring the VXX down, bring the fear down

Trading Services We Offer

  1. Hit and Run Candlesticks
    1. Road To Wealth Account $320% Positive
  2. Right Way Options
  3. Top Gun Day Trading
  4. 30-Day Trial

362% On Track This Year

Rick uses three main trading tools and has dialed them in for max performance. Rick also freely shares his insights on what makes the tools the best and how to use them. Rick is also one of the only traders in the industry that shares his trading account. Traspaerancey and Trading Results.

  1. LTA – Live Trading Alerts Get your 30-Day Trail
  2. TC2000 Charting Get $25.00 Off
  3. TradeHawk Trading Platform

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

YouTube Videos

Trading at the BeachHow to set up the T-Line Regression LinesMetaStock AutomatedTrading the T-Line TrapShorting the Blue Ice Pattern

 

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it.  Past performance does not guarantee future results. Terms of Service

 

Crumbs from Relief Rallies

Crumbs from Relief Rallies

Crumbs from relief rallies are when the trend is down, and traders take advantage of short-term rallies into resistance or the bearish downtrend line. The SPY ended yesterday with a Doji, and when you place it next to the previous day, you have a Doji Continuation patt5ern. Of course for the pattern to work, we must have followed through. Price action above $274.60 would be a step in the right direction, ultimately price action over $280.60 would set the SPY up for a challenge of the October highs. Price action failing the $274.60 area could lead to a retest of about $268.45 or even lower. Please note the trend is still the seller’s friend and buyers are picking up crumbs from the relief rallies.

On Track This Year 362%

One of the most important tools Rick uses to achieve trading success in a Real-Time Live Scanner. To up your game and achieve higher profits consider the LTA – Live Trading Alert Scanner Traspaerancey and Trading Results.

 

 

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it.  Past performance does not guarantee future results. Terms of Service

 

G20 Trump China Up Next

G20 Trump China Up Next

G20 Trump and China up next, if they can ease the tension like Powell did yesterday Santa could be back in town. Of course, it may be coal for us if the kids don’t play nice. Yesterday we saw a huge move in the market, DJ-30 up over 600 points! The SPY has seen nothing but three days of bullishness with yesterday being the big winner. Price has nearly come back to challenge the 200- and 50-SMA’s and the close yesterday was above the 50% line from the recent high to the recent low. We should expect a little rest and inside action today and possibly a challenge of the 200-SMA before the weekend. Looking forward to pulling a few profits off the next two days.

Live Trading Alert Hot List

CYH recently was a Rounded Botmm Breakout set up and now has broken out above the 200-SMA on good volume. The 20-day chart pattern is a near perfect J-Hook Continuation pattern. With yesterdays close above $4.00 CYH may be getting ready for the next level. Add CYH to LTA-Live Trading Alerts Real Time Market Scanner watchlist for a buying alert. CYH bullish above $3.90, stop below $3.79

Members, please log in to the member’s blog for more Trade-Ideas. Start here for membership or a trial

****VXX – Bring the VXX down, bring the fear down

Trading Services We Offer

  1. Hit and Run Candlesticks
  2. Right Way Options
  3. Top Gun Day Trading
  4. 30-Day Trial

362% On Track This Year

Rick uses three main trading tools and has dialed them in for max performance. Rick also freely shares his insights on what makes the tools the best and how to use them. Rick is also one of the only traders in the industry that shares his trading account. Traspaerancey and Trading Results.

  1. LTA – Live Trading Alerts Get your 30-Day Trail
  2. TC2000 Charting Get $25.00 Off
  3. TradeHawk Trading Platform

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

YouTube Videos

Trading at the BeachHow to set up the T-Line Regression LinesMetaStock AutomatedTrading the T-Line TrapShorting the Blue Ice Pattern

 

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it.  Past performance does not guarantee future results. Terms of Service

 

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